58 Madison Avenue N, Kitchener, ON N2H 2Z6, Kitchener, ON
8712.0 sqft
Discover Madison Place at 58 Madison Ave, a turnkey 12-unit income property strategically positioned in Kitchener's high-demand rental corridor. Fully renovated in 2015, this meticulously maintained asset blends classic charm with modern, investor-ready upgrades. Every suite features newly installed PEX plumbing, fully rewired electrical systems with updated sub-panels, energy-efficient windows, and commercial-grade fire-rated doors and stairwells. The building's mechanicals are equally impressive, including a north-side tankless boiler (2021), a reliable south-side boiler, and a durable galvanized steel roof installed just 15 years ago. Financially, Madison Place delivers immediate, stable cash flow with $17,473.92 in monthly in-place rents. Operating expenses are strategically minimized through individually metered hydro, tenant-paid electric baseboard heating, and flat-rate hydro inclusions in select units. With 12 self-contained one-bedroom suites, a common coin-operated laundry room, and 10 dedicated parking spots, the property offers a highly efficient, low-maintenance profile ideal for passive investors or scaling landlords seeking immediate yield. Located minutes from ION light rail, downtown Kitchener, University of Waterloo, and major healthcare hubs, this asset sits in a proven rental demand zone with sustained population growth and constrained multi-family inventory. This is a rare opportunity to acquire a fully refreshed, cash-flowing building with negligible near-term capital expenditure required. Secure your position in one of Ontario's most resilient real estate markets
Property Highlights
For Sale
MLS NO.
X13485394
Type
Commercial
Sub Type
Investment
Square Footage
8712.0 sqft
Complete Property Details
Property Type
Commercial
Sub Type
Investment
Transaction Type
For Sale
Status
Active
Contract Status
Available
MLS® Number
X13485394
Lot Width
60.06
Lot Size Units
Acres
Garage Type
Outside/Surface
Cooling
No
Heat Type
Water Radiators
Internet Address Display Yn
Yes
Internet Entire Listing Display Yn
Yes
Full Address
58 Madison Avenue N, Kitchener, ON N2H 2Z6
City
Kitchener
County / Region
Waterloo
Province / State
ON
Postal Code
N2H 2Z6
Cross Street
Weber
Directions
Corner of Weber and Madison Ave.
List Price
$2,499,000
Annual Taxes
$30,351
Tax Year
2025
Possession Type
Flexible
Possession Details
Tenanted
Listing Office
COLDWELL BANKER THE REAL ESTATE CENTRE
Board
Toronto Regional Real Estate Board
Original Entry
2026-06-24T19:12:44Z
Media Updated
2026-06-24T20:26:45Z
Photos Updated
2026-06-24T19:12:44Z
Last Modified
2026-06-24T19:12:44Z
System Modified
2026-07-06T21:38:56.180456Z
MLS Status
New
Ddfyn
Yes
Expiration Date
2026-11-30
Heat Type Multi
Water Radiators
Hstapplication
Not Subject to HST
Occupant Type
Tenant
Originating System Id
A00001796
Parcel Number
225100110
Public Remarks
Discover Madison Place at 58 Madison Ave, a turnkey 12-unit income property strategically positioned in Kitchener's high-demand rental corridor. Fully renovated in 2015, this meticulously maintained asset blends classic charm with modern, investor-ready upgrades. Every suite features newly installed PEX plumbing, fully rewired electrical systems with updated sub-panels, energy-efficient windows, and commercial-grade fire-rated doors and stairwells. The building's mechanicals are equally impressive, including a north-side tankless boiler (2021), a reliable south-side boiler, and a durable galvanized steel roof installed just 15 years ago. Financially, Madison Place delivers immediate, stable cash flow with $17,473.92 in monthly in-place rents. Operating expenses are strategically minimized through individually metered hydro, tenant-paid electric baseboard heating, and flat-rate hydro inclusions in select units. With 12 self-contained one-bedroom suites, a common coin-operated laundry room, and 10 dedicated parking spots, the property offers a highly efficient, low-maintenance profile ideal for passive investors or scaling landlords seeking immediate yield. Located minutes from ION light rail, downtown Kitchener, University of Waterloo, and major healthcare hubs, this asset sits in a proven rental demand zone with sustained population growth and constrained multi-family inventory. This is a rare opportunity to acquire a fully refreshed, cash-flowing building with negligible near-term capital expenditure required. Secure your position in one of Ontario's most resilient real estate markets
